Term Insurance Calculator
Estimate the annual premium for term life insurance based on your age, coverage needs and policy duration.
What this Term Insurance Calculator helps you determine
This calculator helps you estimate how much term insurance coverage your family may need if something were to happen to you. The focus is on income replacement and financial continuity for dependents.
Instead of picking an arbitrary number, this calculator bases coverage on real financial responsibilities.
How term insurance coverage is estimated
The calculation considers factors such as annual income, number of dependents, existing liabilities, and future goals. The idea is to ensure that essential expenses and long-term goals can still be met.
Required Cover = Income Replacement + Liabilities − Existing Assets
Why under-insurance is common
Many people choose coverage based on what feels affordable rather than what is adequate. This often leads to policies that fall short when they are actually needed.
How to use this result
The suggested cover is a planning baseline. You can choose higher coverage for additional safety, but going significantly lower can expose your family to financial risk.